Coffee Day Enterprise listed at Rs. 315/share as against issue price of Rs. 328/share
The stock is currently trading at Rs. 295, down 6%.
The stock has hit a high of Rs. 317 and a low of Rs. 280.
The IPO closed on October 16 and got oversubscribed 1.81 times.
The shares reserved for qualified institutional buyers (QIBs) was subscribed nearly 4.4 times.
Coffee Day Enterprises Ltd. (“CDEL”) is the parent company of the Coffee Day Group, which currently operates in businesses such as coffee, development and management of IT-ITES technology parks, providing integrated logistics solutions, financial services, hospitality and investing in technology companies.
The Company also has investments in certain IT-ITES and other technology companies such as Mindtree in which it owns a 16.75% equity holding (effective holding being 16.04%) as of June 30, 2015 and in which the Promoter, V.G. Siddhartha, additionally owns 3.01%. Other investee companies include Ittiam, Magnasoft and Global Edge.
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